I have a house that i want to sell, so i engage an agent to do this. The agent found a buyer and we agreed to the price. The buyer wants to move in immediately and told me that the S&P he will sign in 3 months time cause the funds will be available then, so he will rent the house until the keys are handed over to him. i agreed, so the agent collected the deposit and i patiently waited.

Now come the end of the 3 months, the buyer wants to delay signing the S&P, which i do not agree. And to make matters worse, the agent told me that only part of the 2% deposit has actually been collected.

I want to ask, should the buyer lose interest in buying the house and decide not to pay the balance of the deposit, can I ask the agent to be accountable for the deposit ?

any legal action i can take here, and is it wise to do so ?
any suggestions on what steps should be taken here ?

This post has been edited by fussion: May 12 2008, 05:27 PM

Yes, the booking receipt by the agent



Yes


Yes


Only about 0.4% collected according to the agent, and this amount held by the agent

This post has been edited by fussion: May 12 2008, 05:41 PM

Yes, i have spoken to the agent, and they are chasing for the remainder for for the deposit.
My question is can i hold them accountable for the full deposit since it is their responsibility to get it.

This post has been edited by fussion: May 13 2008, 10:13 AM

lets hope i dont have to come to that, I am giving them until the end of this month to settle this mess.
i think i will cut the water and electricity supply should the buyer decide not to move out.
i doubt they will sue me since they are the one that owe me money in the first place.